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Latest Federal & Government Contracting Companies' News Coverage
Several Virginia-based defense, aerospace and government services companies landed spots on the 2023 Fortune 1000 list, which ranks the 1,000 largest U.S. public and private corporations by total revenue, Virginia Business reported Monday. Boeing and Raytheon Technologies, previously based in Chicago and Massachusetts, respectively, relocated their headquarters to Arlington County in 2022. New to the […] More
United Technologies has announced it will add 35,000 jobs and invest over $15 billion for research and development, as well as well as capital expenditures, in the United States through 2022. The company said Wednesday it also launched a new website www.utcinvestingintheusa.com aimed at highlighting UTC’s U.S. investments. These new investments are intended to boost support for customers in […] More
United Technologies Corp. has named Gregory Hayes, company president and CEO, to succeed Edward Kangas as the chairman of the board of directors, effective immediately. UTC said Wednesday Hayes, who has worked with UTC for nearly 30 years, will hold the chairman, president and CEO positions concurrently. “Greg Hayes has demonstrated strong performance in leading the company,” said Kangas. “He has […] More
United Technologies Corp. has confirmed that it is currently in negotiations with multiple bidders for the acquisition of UTC subsidiary Sikorsky Aircraft, Defense News reported Saturday. Andrew Clevenger writes that sources have named the bidders as Airbus, Blackstone, Lockheed Martin and Textron. The report said the news comes after UTC announced its plan to either sell or spin […] More
United Technologies Corp. CEO Gregory Hayes has said the possible spinoff of UTC’s Sikorsky Aircraft unit aims to strategically position the standalone helicopter company and the commercial aerospace and buildings business, he told CNBC in an interview aired Thursday. Tom DiChristopher writes UTC’s board of directors authorized a review of options for Sikorsky earlier this week, including the potential tax-free […] More
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